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20121120
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secretary of state rich williamson and syndicated radio talk show host john boutzer. how much injury they inflict on hamas? i want to know if the total blowout is possible? >> yes, it is, larry. why that is critical is because egypt is involved profoundly in this problem. morici, the new le elely electe president of egypt, is in the muslim brothers. the muslim brothers and hamas are directly related. this is about egypt and the 1979 peace treaty. >> right. i'm going to get back to the whole issue of the spreading war. but i'm just real interested in the assessment, ambassador williamson, welcome back, that israel can just inflict massive, permanent damage on hamas and their alleged military. >> well, larry, first of all, i think it's really important to take a step back. we've been involved in a presidential election that sucked up the oxygen. hamas is a group that's recognized as a terrorist organization by the u.s. government, the israeli government and the european union, has increased shelling in areas of israel over recent weeks. they now have shelled tel aviv and 180 missiles w
and political breakthrough? then if president obama and john boehner can rise above and get a deal done for the fiscal cliff, there is a lot of money that could be made in stocks. and why shouldn't top military and business leaders maintain an honorable code of conduct? isn't it better to have a moral center? general david petraeus is a great man. but he made, unfortunately, a great mistake. first up, are we on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have t
it needs to be. folks are going to hold the line and i will tell you why. look at how scripted john boehner had to be when he said revenue. where democrats fell out of their chairs. he had to do it with a t ee teleprompter. >> god bless him. raising tax rates is not the answer to this. >> but you know what, look. i know karen, other democrats believe they got this great mandate. but house republicans believe they got a mandate to put a check and balance on senate democrats as well as the president. so we are going to have to have a compromise for a change. >> we have a mandate and for president obama you would hope that he would start thinking now about what is his legacy and does he want to leave office with a terrible economy. i don't think in year eight he is going to be able to blame george bush. he ought to start thinking about economic growth. this is probably the least harmful way. > exit polls show that that george w. bush hurt romney tremendously. >> the polls are the polls. but the point i'm making in the second term, it is president obama's don mi aeconomy and def. he is going to
-founder of tea party 365. steve, did the president sound like he was ready to do business with speaker john boehner today or not? >> no. this was no olive branch, larry. i was quite disappointed with that speech and press conference. and you noted that the stock market really collapsed as president obama was speaking because he seems not just today but the event that he had on friday, the two statements that he's made, he's been pretty emphatic that he wants those tax rates to go up, come hell or high water. that is going to lead to a mexican standoff with the republicans if he sticks with that position. i'd like to make one other point about that press conference, larry. i listened to the whole 45 minutes to 60-minute press conference, and not once that i could hear in that speech did he talk about the most important thing, which is cutting government spending. why don't we get the government spending down and then talk about raising taxes? >> you know, if you google up spending and obama, you know what you get? nothing. blank pages. you get nothing. >> in fact, larry, he said he wants his
leadership. so speaker john boehner is going to be a lonely guy. >> i think the republicans ought to hold firm against any tax rates. president obama is striding around like he has a mandate for tax hikes but look at house republicans. for 20 years the house republican message has been against any tax hikes. voters now where house republicans were on taxes and tax hikes and the republicans retain their large majority so they absolutely ought to hold out against any tax hikes. >> that's a stalemate. >> speaker boehner has said close some loopholes. okay. there are good loopholes and bad ones. the house republicans ought to make sure that there is at least 3 or $4 of every spending cut for every dollar of loophole closing. >> there is no spending cuts. >> that's the thing. they have got to hold firm against that. >> they're talking about 400, $500 billion in revenues, maybe more. that's the republicans obsession. i didn't hear any spending cuts at all. >> the loopholes -- cuts in military spending. >> they won't do it. >> president obama has gone along with that. >> but the republicans won'
agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make a bet on any of this? that's really what i'm asking. between now and year end, when the bush tax cuts expire at year end, what's a stock market investor to do? you're going to go up, you're going to go down. you saw today you had a is 00-point swing. but that's no way to be invested. what is your advice on how investors play this fiscal debate? >> i understand the sentiment that the wise thing to do is to take a long-term perspective. but every once in a while we experienced this in the summer of 2008. we're experiencing it again now. every once in a while a short-term event happens that is so consequential you really need to take it into account. larry, one thing we know for sure, no matter where we end up on december 31st we're going to go to the brink to get there, an
Search Results 0 to 5 of about 6